Washington Association of Area Age… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Phone

3607355779

Tax Period

2024-01-01 to 2024-12-31

Washington Association of Area Agencies on Aging is a small nonprofit that reported $338K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $78K, a strong 23% operating margin.

Mission

Public education/advocacy

Program Service Accomplishments

Program 1

Expenses: $126,860

Train and support older persons and their advocates to work efficiently with state legislators regarding senior citizens issues.

Program 2

Expenses: $69,000

Facilitate communication and collaboration with state agencies to design and implement effective home care systems.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $303,461

Investment Income $4,115

Other Revenue $30,000

TOTAL REVENUE $337,576

Expense Breakdown

Grants Paid $875

Salaries & Benefits $124,594

Fundraising Expenses $0

Program Expenses $195,860

Other Expenses $134,241

TOTAL EXPENSES $259,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$337,576	$284,286	+0.2%
Expenses	$259,710	$259,448	+0.0%
Net Income	$77,866	$24,838	+2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Catherine Knight	State Director	40.00		$115,318	$0	$115,318
Nicole Kiddoo	Director	5.00	Director	$0	$0	$0
Lori Brown	Director	5.00	Director	$0	$0	$0
Amanda McDade	Director	5.00	Director	$0	$0	$0
Stacey Smith	Director	5.00	Director	$0	$0	$0
Lynn Kimball	Director	5.00	Director	$0	$0	$0
Laura Cepoi	Director	5.00	Director	$0	$0	$0
Mike Reardon	Director	5.00	Director	$0	$0	$0
Bruce Buckles	Director	5.00	Director	$0	$0	$0
Melissa Howtopat	Director	5.00	Director	$0	$0	$0
Joel Boyd	Director	0.00	Director	$0	$0	$0
Aaron Van Valkenburg	Treasurer	5.00	Officer	$0	$0	$0
Laura White	Chair	5.00	Officer	$0	$0	$0
Mary Mitchell	Vice Chair	5.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$337,576	$259,710	$268,274	$77,866
2023	$284,286	$259,448	$191,623	$24,838
2022	$219,076	$227,802	$166,949	$-8,726
2021	$219,077	$242,500	$174,296	$-23,423

Washington Association of Area Agencies on Aging